Deferred Stock Equivalent Account definition

Deferred Stock Equivalent Account means the bookkeeping account established by the Company in respect to each Director pursuant to Section 5.3 hereof and to which shall be credited the fees deferred by the Director as provided in the Plan and the Common Stock Equivalents into which such deferred fees are deemed invested pursuant to the Plan.
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Deferred Stock Equivalent Account or “Account” means the bookkeeping account established by the Company in respect to each Deferred Cash Participant, to which shall be credited the amounts deferred by such Participant and, in the case of a Non-Employee Director, Company matching deferrals, as provided in the Sub-Plan and converted into fully vested RSUs pursuant to the Sub-Plan.
Sample 1
Deferred Stock Equivalent Account means the bookkeeping account established by the Company in respect to each LTIP Employee pursuant to Section 5.1 hereof and to which shall be credited the amounts of Annual Bonus Compensation and/or Long Term Bonus Compensation deferred by the LTIP Employee as provided in the Plan and converted into Common Stock Equivalents pursuant to the Plan. The Administrator maintains separate subaccounts (each a “Subaccount”) within each LTIP Employee’s Deferred Stock Equivalent Account with respect to Annual Bonus Compensation and/or Long-Term Bonus Compensation for which a deferral election is made during the same election period under Section 4.2.
Sample 1

Examples of Deferred Stock Equivalent Account in a sentence

  • A Deferred Stock Equivalent Account shall be established for each Director.

  • A statement as to the balance of his or her Deferred Stock Equivalent Account will be sent to each Director at least once each calendar year.

  • Fractional shares shall be credited to a Director's Deferred Stock Equivalent Account cumulatively, but the balance of shares of Common Stock Equivalents in a Director's Deferred Stock Equivalent Account shall be rounded to the next highest whole share for any distribution to such Director pursuant to this Section 5.

  • The Administrative Committee may, in its discretion, take into account the application of any designated beneficiary and direct that the balance of the Director's Deferred Stock Equivalent Account be paid to such beneficiary in the manner requested by such application.

  • In the event of a Director's death before the balance of his or her Deferred Stock Equivalent Account is fully paid, payment of the balance of the Director's Deferred Stock Equivalent Account shall then be made to the beneficiary or beneficiaries, at such time or times and in such manner as shall be designated by the Director pursuant to Section 5.8 or, in the absence of a designation as to the time and manner of payment, in the time and manner selected by the Administrative Committee.

  • Stock equivalents and fractions thereof shall be credited to such Deferred Stock Equivalent Account in an amount determined by dividing the amount of Compensation to be deferred under this option by the Market Value of the Stock on the Date of Crediting.

  • A Director's Deferred Stock Equivalent Account also shall be credited with dividend equivalents and other distributions pursuant to Section 5.4.

  • The Participant’s Deferred Stock Equivalent Account shall continue to earn such dividend equivalents until the time of distribution of a Participant’s Deferred Stock Equivalent Account.

  • The Participant's Deferred Stock Equivalent Account shall continue to earn such dividend equivalents until fully distributed if distributed in Stock, otherwise such dividend equivalents shall be earned only until the time of a Participant's termination or the effective date of the commencement of total and permanent disability.

  • Stock equivalents and fractions thereof shall be credited to such Deferred Stock Equivalent Account in an amount determined by dividing the amount of Compensation to be deferred under the Plan by the Market Value of the Stock on the Date of Crediting.


More Definitions of Deferred Stock Equivalent Account

Deferred Stock Equivalent Account means the bookkeeping account established by the Company in respect to each LTIP Employee pursuant to Section 5.3 hereof and to which shall be credited the amounts of Annual Bonus Compensation and/or Long Term Bonus Compensation deferred by the LTIP Employee as provided in the Plan and the Common Stock Equivalents into which such deferred compensation are deemed invested pursuant to the Plan.
Sample 1
Deferred Stock Equivalent Account means the bookkeeping account established by the Company in respect to each Director pursuant to Section 6.1 hereof and to which shall be credited the fees deferred by the Director as provided in the Plan and related Company matching deferral pursuant to Section 5.4, and the Common Stock Equivalents into which such deferred fees and matching credits are deemed invested pursuant to the Plan. The Company shall maintain separate subaccounts (each a “Subaccount”) within each Director’s Deferred Stock Equivalent Account with respect to fees deferred under the Plan for each separate calendar year and Company matching deferral attributable to such fees.
Sample 1

Related to Deferred Stock Equivalent Account

  • Common Stock Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Dividend Equivalents means a right granted to a Participant under the Plan to receive the equivalent value (in cash or Shares) of dividends paid on Shares.

  • Dividend Equivalent Right means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the grantee.

  • Dividend Equivalent means a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2.

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.